Airport Ground Handling Market is Projected to Grow Expeditiously: to Reach USD 76.1 Billion by 2032, Report

The airport ground handling market valued at $31.8 billion in 2022, and estimated to reach $76.1 billion by 2032, growing at a CAGR of 9.2% from 2023 to 2032.

WILMINGTON, DE, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Airport ground handling market by Service (Passenger Handling, Ramp Handling, Cargo Handling, and Others), by Airport (Domestic, and International), by Provider (Independent, Airlines, and Airports): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global airport ground handling industry generated $31.8 billion in 2022 and is anticipated to generate $76.1 billion by 2032, witnessing a CAGR of 9.2% from 2023 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-sample/5585

Prime determinants of growth

The growth of the global airport ground handling market is driven by factors such as Rise in air traffic, increasing construction, modernization, expansion projects of airports, and growth in e-commerce. However, high capital costs and rigorous rules and regulations hamper the growth of the market. On the contrary, expansion of alternative power sources, and development of lithium-ion batteries, technical advancements and expanding environmental sustainability measures are expected to offer remunerative opportunities for the expansion of the airport ground handling market during the forecast period.

The passenger handling segment to maintain its leadership status throughout the forecast period

Based on service, the passenger handling segment held the highest market share in 2022, accounting for nearly two fifths of the global airport ground handling market revenue and is estimated to maintain its leadership status throughout the forecast period. The growth of the segment is attributed to a rise in demand for safe, reliable, cost-efficient, and effective passenger handling services. However, the cargo handling segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the growth of e-commerce that led to a rise in cargo handling services.

The international segment to maintain its leadership status throughout the forecast period

Based on the airport, the international segment held the highest market share in 2022, accounting for more than half of the global airport ground handling market revenue and is estimated to maintain its leadership status throughout the forecast period. Also, the same segment is projected to manifest the highest CAGR of 9.6% from 2023 to 2032. This is due to the rise in globalization regarding international travel.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/checkout-final/bbf61b0199de9db805c7ea7fb73b0e91

Asia-Pacific to maintain its dominance by 2032

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global airport ground handling market revenue and is likely to dominate the market during the forecast period. Also, the same region is expected to witness the fastest CAGR of 10.3% from 2023 to 2032. This is due to an increase in investment in developing airport infrastructure and surge in air travel in the region.

Leading Market Players: -
Fraport AG
Qatar Airways
SATS Ltd
Aviapartner
Swissport International AG
The Emirates Group
Flughafen München GmbH
Menzies Aviation Limited
Celebi Aviation
AOT Ground Aviation Services Co., Ltd.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/5585

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David Correa
Allied Market Research
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